Bloomberg analysts: BlackRock's Bitcoin premium yield ETF is an extension of spot products and IBIT

ChainCatcher news, Bloomberg's senior ETF analyst Eric Balchunas posted on the X platform, pointing out that BlackRock's submitted application for the Bitcoin Premium Yield ETF, the iShares Bitcoin Premium ETF, is a spot product under the 1933 Act, using a covered call Bitcoin strategy aimed at generating certain returns for Bitcoin investments, and is also an extension of another Bitcoin exchange-traded fund, IBIT.